New home premium of £63,000

Buyers face an average premium of £63,000 to live in a newly built home. The property analysts TwentyCi found that people will pay an average of £316,000 for a new property compared to £253,000 for an equivalent resale property, a premium of about 25%. Paula Higgins, chief executive of the Homeowners Alliance, warned that a new house depreciated "the minute you turn the key in the door. Even in a rising property market you may not get your money back if you have to sell within a year or two."

The Times (05/05/2021)